Vein Illuminator Market To Experience Lucrative Growth Due To Rising satisfaction of patients Till 2024: Grand View Research, Inc.
The
global vein illuminator market is expected to reach USD
358.5 million by 2024, according to a new report published by Grand View
Research, Inc. The vein illuminator market is anticipated to witness a
lucrative growth during the period 2016 to 2024. The factors contributing
towards the growth of the market are the growing aging population and the
efforts channelized towards improving patient satisfaction. Additionally,
factors, such as the demand for technologically advanced medical equipment and
the rising research and practical applications are expected to be opportunistic
for the industry growth. However, the prevalence of traditional methods owing
to the high costs of the vein illuminator devices is likely to hinder the
growth of the market in the near future.
Vein Illuminator Market, by End-user, 2013 - 2024 (USD Million) |
The
vein illuminator market is segmented on the basis of technology, application,
end-user, and region. Based on technology, the market is further categorized
into transillumination, infrared technology, and ultrasound. The near-infrared
illumination technology is estimated to be the largest shareholder due to its
ability to penetrate deep into the tissue, which makes it possible to visualize
the vessels clearly.
On
the basis of application, the market is segmented into intravenous access and
blood draw. The end-user segment comprises hospitals, rehabilitation
facilities, blood donation camps, and academic institutions. The market for
hospitals is expected to grow rapidly during the forecast period due to a surge
in the demand for technologically advanced medical equipment. The market is
also categorized into North America, Europe, Asia Pacific, MEA, and Latin
America.
Browse full
research report on Vein Illuminator Market: www.grandviewresearch.com/industry-analysis/vein-illuminator-market
Further key findings from the report suggest:
- In terms of market share, the North America
vein illuminator market is expected to hold majority of the share in 2016.
Factors resulting in the growth of this industry are the steady preference
for highly-advanced medical devices by hospitals as well as the presence
of several medical device manufacturing companies in the region.
- The infrared illumination technology is
estimated to lead the industry due to its deep penetration capability into
thick tissues tohighlight the presence of vessels with increased clarity.
Based on application, the segment for intravenous access is estimated to
be the largest shareholder, followed by the blood draw segment.
- The vein illuminator industry comprises several
local as well as global players. Some prominent players in this
industry include Accuvein, Inc., Christie Medical Holdings, Inc., Infrared
Imaging Systems, Inc., Translite, LLC, and Venoscope, LLC,among others. In
order to hold a major share in the industry, the companies are adopting
both organic as well as inorganic strategies. The major strategies adopted
by the companies are new product development, mergers, collaborations,
partnerships, geographical expansions, and acquisitions.
- The companies are also focusing on research and
development activities in order to enhance their product portfolio. For
instance, in September 2015, Accuvein, Inc., declared its 26th patent,
which was issued by the United States Patent and Trademark office for
their vein visualization system.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the vein illuminator market on the
basis of technology, application, and end-user application:
Vein Illuminator
Technology Outlook (Revenue, USD Million, 2013 - 2024)
- Transillumination
- Infrared
technology
- Others
Vein
Illuminator Application Outlook (Revenue, USD Million, 2013 - 2024)
- Intravenous
access
- Blood
draw
- Others
Vein
Illuminator End-user Outlook (Revenue, USD Million, 2013 - 2024)
- Hospitals
- Blood
donation camps
- Academic
institutions
- Others
Vein
Illuminator Regional Outlook (Revenue, USD Million, 2013 - 2024)
- North
America
- Europe
- Asia
Pacific
- Latin
America
- MEA
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-vein-illuminator-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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